Malta Insights

56,675 foreign students attend English courses in Malta in 2022

In 2022, foreign students attending English language courses at local licensed English Language Teaching (ELT) schools amounted to 56,675, marking an increase of 28,822 over 2021. NSO data shows that…

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Making the four-day week work

Two workers glide between a computer screen and a stainless steel vat making face cream, a scientist in a white coat mixes a formula and a colleague sticks labels on…

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NSO says Malta GDP grew by 6.9% in 2022

Provisional NSO estimates indicate that the Gross Domestic Product (GDP) for 2022 amounted to €16,870.3 million, registering an increase of €1,868.4 million, or 12.5 per cent, when compared to 2021.…

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Malta: FDI tops €2bn in first six months of 2022

Foreign direct investment flows were estimated to be €2.0 billion during the first six months of 2022. The main contributors to FDI flows were Financial and insurance activities, accounting for…

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Malta: Fixed energy prices should be limited in time and scope – IMF

Government should prepare an exit strategy from the fixed-energy-price policy while protecting vulnerable groups. In its annual assessment of Malta's economic and financial performance, the Fund said that this strategy…

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Malta registers largest drop in household expenditure

Malta reported the largest decrease in household expenditure in the European Union between 2019 and 2021, according to Eurostat. From 2019 to 2021, 16 EU Member States registered a decrease…

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Malta: Inflation tops 7.35% by end of year

In December 2022, the annual rate of inflation as measured by the RPI was 7.35 per cent, up from the 7.12 per centin November 2022, the NSO said today. The…

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Malta: Debt levels reach €8.73bn – NSO

General Government debt has reached €8.73 billion, or 53.2 per cent of Gross Domestic Product (GDP), NSO data shows. In the third quarter of 2022, the government has also recorded…

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Malta: 11% increase in persons adding a part-time job to their full-time

The number of part-timers who held both a full-time and part-time job increased by 11% in just a year, the NSO said. Fresh data by the Statistics office shows that…

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Central Bank revises Malta’s 2023 expected growth rate downwards

According to the Central Bank of Malta latest forecasts, Malta's gross domestic product (GDP) is projected to grow by 6.8% this year, and by 3.7% in 2023, followed by growth…

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Malta: Food prices drive inflation above 7.5%

In September 2022, the annual rate of inflation as measured by the RPI was 7.52 per cent, up from the 6.98 per centin August 2022, the NSO said today. The…

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Malta registers second largest drop in employees in the cultural sector

In 2021, 7.36 million people were employed in the cultural sector in the EU, representing 3.7% of total employment. At the EU level, the number of people working in culture in the…

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Malta: Debt levels reach €8.56 billion by August

By the end of August 2022, the Government’s Consolidated Fund reported a deficit of €359.0 million, the NSO said, while debt levels continued to increase - now reaching €8.56 billion,…

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518 new books published in Malta in 2021

In 2021, a total of 518 new book titles were published in Malta by 53 local active book publishers, with the figure remaining stable on the previous year. NSO data…

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Malta: Inflation tops 7% in August, still lower than EU average

Inflation has reached 7%, fresh data by the NSO has confirmed. The statistics office said that in August 2022, the annual rate of inflation as measured by the HICP was…

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Malta: Survey shows more people struggle to pay mortgage, rent and utility bills

Based on the income year 2020, the number of at-risk-of-poverty persons living in Malta was estimated at 85,754. During 2021, respondents who said that their household was in arrears on…

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Malta: Services push economy towards strong rebound in Q2

Provisional estimates released by the NSO indicate that the Gross Domestic Product (GDP) for the second quarter of 2022 amounted to €4,100.4 million, registering an increase of €526.6 million, or…

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Malta: Unemployment drops further in July

In July 2022, the number of persons registering for work stood at 925 decreasing by 617 when compared to the corresponding month in 2021. Data provided by Jobsplus for July…

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Malta registers higher deficit, debt levels in first seven months of 2022

By the end of July 2022, the Government’s Consolidated Fund reported a deficit of €514.9 million. In parallel, debt levelshave gone up to €8.5 billion, an increase of €709.4 million…

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Malta’s population grows by almost 25% in a decade, Census shows

Over a century, the population of Malta has more than doubled (by 2.5 times), while in the past 10 years, it grew by nearly a quarter, reaching 519,562. This was…

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Malta: Further drop in unemployment

Malta's unemployment rate for June 2022 stood at 3.0%, the NSO said today. This reflected a drop of 0.1 percentage points from the previous month. For the month under review,…

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Malta’s financial system’s resilience and performance improve despite challenging times – Central Bank

A report by the Central Bank of Malta shows that despite the high uncertainty surrounding the global economic climate, banks reported improved asset quality owing to both reduced NPLs and…

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Inflation in Malta tops 6%, but still lowest in the EU

The euro area annual inflation rate reached a staggering 8.6% in June 2022, up from 8.1% in May, Eurostat said today. A year earlier, the rate was 1.9%. European Union…

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Less than a thousand registering for work – NSO

The NSO reported that there are only 961 persons still registering for work, with the number being more than halved over the past twelve months. Data provided by Jobsplus for…

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Malta’s 2022 deficit grows to €373 by end of May

By the end of May 2022, the Government’s Consolidated Fund reported a deficit of €373.2 million, the NSO said today. In the first five months of 2022, Recurrent Revenue amounted…

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Jobsplus data shows 10,000 jobs created in January

In January 2022, registered full-time employment increased by 4.6 per cent while part-time employment as a primary job increased by 6.0 per cent when compared to the corresponding month in…

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Malta: Unemployment rate down to 3.1%

The unemployment rate for April 2022 stood at 3.1 per cent, the NSO reported today, therefore declining by 0.1 percentage points when compared with the previous month and by 0.3…

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Malta: Services push GDP up by almost 7% in first quarter

During the first quarter of 2022, Malta's GDP rose by 10.8 per cent in nominal terms and 6.9 per cent in volume terms, when compared to the corresponding quarter of…

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Malta’s finances €388 million in the red after four months

By the end of April 2022, Government has already accumulated a deficit exceeding 388 million euro, data released by the NSO has shown. In the first four months of 2022,…

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Malta: Unemployment levels drop below 1,000

In April, the number of persons registering for work stood at 963 decreasing by 1,285 when compared to the corresponding month in 2021, the NSO said today. Data provided by…

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Malta: Early school leavers drop by a half over a decade

The share of 'early school leavers,’ a term that refers to early leavers from education and training (aged 18-24), has steadily decreased in the EU over the last 10 years,…

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Malta: Domestic demand fuel economic growth, exports’ contribution marginal – CBM

Domestic demand was the main driver behind GDP growth during the last three months of 2021, the CBM has found. In its quarterly review, it said that the contribution of…

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Malta: Food prices drive inflation levels above 5%

In April 2022, the annual rate of inflation as measured by the HICP edged up further, reaching 5.4%, up from 4.5% March, the NSO said. As a result, the 12-month…

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Malta: French, German and Italian tourists push tourism upwards in March

Total inbound tourists for March 2022 were estimated at 110,938, while total nights spent amounted to 739,194, the NSO said today, signalling the best March in three years. During the…

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Unemployment: Jobless rate stable at 3% in March

The unemployment rate for March 2022 stood at 3.0 per cent, declining by 0.1 percentage points when compared with the previous month and by 0.8 percentage points from March 2021.…

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33% of Maltese households cant afford one-week annual holidays

33.1 per cent of the surveyed population stated that their household could not afford to pay for a one-week annual holiday away from home. Furthermore, 15.7 per cent declared that…

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Malta: Government deficit reaches 8% in 2021

In 2021, the General Government registered a deficit of €1,161.7 million, equivalent to 8.0 per cent of GDP. The General Government debt amounted to €8,284.4 million or 57.0 per cent…

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Malta registers increase in FDI in 2021

As at the end of 2021, the Maltese economy recorded a net international investment position of €7.7 billion, the NSO reported today. When compared to the figures recorded at the…

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More than 1m people travel between Malta and Gozo in first three months of 2022

During the first quarter of 2022, sea transport between Malta and Gozo registered increases in trips, passengers and vehicles when compared to the corresponding quarter of 2021, the NSO said…

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Malta: Slight increase in property sales in first three months of 2022, but promises of sale collapse

In the first quarter of 2022, 3,373 final deeds of sale were registered, an annual increase of 2.9 per cent, the NSO said today. The value of the deeds registered…

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Malta: Significant drop in unemployment in pre-election month

In February, the number of persons registering for work stood at 1,125, the NSO said today. This figure means that persons looking for work decreased by 1,460 when compared to…

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Malta: Government ends 2021 with €1.24bn deficit

The public purse has ended the year 2021 with a deficit of 1.24 billion euro, the NSO reported today. Compared to the same period in 2020, there was a decrease…

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Malta: Unemployment stable in February

Unemployment remained stable in February, at 3.1%, on par with January. This figure reflects some 8,874 persons looking for work, the NSO said today. Young people continue to constitute a…

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Malta: Deficit narrows as pandemic assistance is scaled back

Malta's deficit narrowed in the first two months of the year, as assistance related to the pandemic was scaled back. The difference between total revenue and expenditure resulted in a…

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Malta: Food inflation hits 8.4% in February

Inflation continued to edge up in February, moving to 4.2% up from 4.1 per cent in January 2022. A monthly comparison of inflationary components shows that the largest upward impact…

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NSO estimates average Malta monthly salary at €1,613

The average monthly basic salary of employees by the end of 2021 was estimated at €1,613, the NSO said today. The average basic salary was recorded in the Financial and…

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Malta: Unemployment down to 8,769 persons

Malta's unemployment rate continued on its downward trajectory during the month of January, at 3.1%, the NSO said on Thursday. This figure reflects a slight 0.1% drop when compared with…

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Malta: Strong rebound in the services sector drives strong 9% growth in GDP

Provisional estimates published by the NSO indicate that the Gross Domestic Product (GDP) for 2021 amounted to €14,533.8 million, registering an increase of €1,473.9 million, or 11.3%, when compared to…

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Malta: Unemployment at historical lows as jobless rate drops to 1,117

In January, the number of persons registering for work stood at 1,117 decreasing by 1,558 when compared to the corresponding month in 2021, the NSO reported today.Data provided by Jobsplus…

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Malta: Economic sentiment improves in services and construction, declines among retailers, consumers – CBM

Confidence improved in services, construction and industry but declined in the retail sector and among consumers, the Central Bank of Malta said, quoting a survey carried out by the European…

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Malta: Inflation jumps to 4.1% in January

In January 2022, the annual rate of inflation as measured by the HICP was 4.1% up from 2.6% in December 2021, one of the highest increases recorded in recent times,…

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Malta: Construction, public sector jobs supports growth in employment

Emplyoment increased towards the end of last Summer, fresh NSO data reveals. Statistics published this morning have shown that in September 2021, registered full-time employment increased by 3.8%, while part-time…

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Malta: Industrial production sees big drop in 2021

In December 2021, the total production generated by the Maltese manufacturing and energy industries went down by 6.6% from December 2020. The largest decrease was registered in the production of…

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Malta: Big drop in number of persons looking for a job – NSO

In December, the number of persons registering for work stood at 1,167, the NSO said today, decreasing by 1,598 when compared to the corresponding month in 2020.Data provided by Jobsplus…

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Malta: Unemployment remains stable in December

The unemployment rate for December 2021 stood at 3.4 per cent, the NSO said today, remaining constant on the previous month and declining by 0.9 percentage points from December 2020.…

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Malta: Business activity receded in December, CBM report shows

The Central Bank of Malta said on Tuesday that annual growth in business activity receded somewhat from recent highs but nevertheless remained strong from a historical perspective as economic activity continued…

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Malta: Food continues to drive prices up

Inflation continued to increase in December, with fresh NSO data showing that the Retail Price Index reached 2.59 per cent, up from the 2.38 per cent in November 2021. The…

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